W P Correlations

Stocks . USA . 
Stock . W P Carey
WPC Stock  USD 57.51  0.67  1.18%   
The current 90-days correlation between W P Carey and STAG Industrial is 0.49 (i.e., Very weak diversification). The correlation of W P is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

W P Correlation With Market

Average diversification

The correlation between W P Carey and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding W P Carey and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in W P Carey. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with WPC Stock

  0.77O Realty IncomePairCorr
  0.82MPW Medical Properties Trust Aggressive PushPairCorr
  0.73NHI National Health InvestorsPairCorr
  0.89NNN National Retail PropPairCorr
  0.84UHT Universal Health RealtyPairCorr
  0.79GMRE Global Medical REITPairCorr
  0.73STAG STAG IndustrialPairCorr
  0.85FR First Industrial RealtyPairCorr
  0.61RC Ready Capital CorpPairCorr
  0.76UK Ucommune InternationalPairCorr
  0.7AHT-PH Ashford Hospitality TrustPairCorr
  0.69AHT-PI Ashford Hospitality TrustPairCorr
  0.65AHT-PD Ashford Hospitality TrustPairCorr
  0.78AHT-PG Ashford Hospitality TrustPairCorr

Moving against WPC Stock

  0.68SLG SL Green Realty Fiscal Year End 22nd of January 2025 PairCorr
  0.63LTC LTC PropertiesPairCorr
  0.43DRH Diamondrock Hospitality Sell-off TrendPairCorr
  0.37OHI Omega Healthcare Inv Sell-off TrendPairCorr
  0.77UE Urban Edge PropertiesPairCorr
  0.67WELL WelltowerPairCorr
  0.59MITT-PC AG Mortgage InvestmentPairCorr
  0.55EMITF Elbit ImagingPairCorr
  0.51CDR-PB Cedar Realty TrustPairCorr
  0.49EQIX EquinixPairCorr
  0.42CDR-PC Cedar Realty TrustPairCorr
  0.41DOUG Douglas EllimanPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
O
+ 0.95
NNN
NNN
+ 0.65
STAG
O
+ 0.62
STAG
MPW
+ 0.61
NNN
O
+ 0.52
MPW
MPW
+ 0.5
STAG
  
High negative correlations   
OHI
- 0.33
STAG
OHI
- 0.31
NNN
O
- 0.2
OHI
OHI
- 0.1
MPW

Risk-Adjusted Indicators

There is a big difference between WPC Stock performing well and W P Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze W P's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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